Documents & Reports

Speech by World Bank Group President Jim Yong Kim on sending a signal from paris and transforming the economy to achieve zero net emissions (English)

Abstract

This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on economic policy that is the key to mobilizing a coordinated global response to climate change. He talks about the need to confront climate change...
See More +This report discusses the remarks delivered by Jim Yong Kim, President of the World Bank. He discusses on economic policy that is the key to mobilizing a coordinated global response to climate change. He talks about the need to confront climate change, without which there will be no hope of ending poverty or boosting shared prosperity. He adds that the longer the delay in tackling climate change, the higher the cost will be to do the right thing for our planet and our children. He affirms that from Paris they will make the rallying cry for effective management of local, national and global economies to fight climate change. He talks about Paris agreement that needs to speak as loudly of economic transformation as it does of pollution or carbon emissions targets. He speaks about carbon pricing that can raise revenues and can be used to generate more economic and social benefits. He insists on specific efforts that are needed to scale up renewable energy and develop carbon capture and sequestration technology, at a pace that will allow us to reach carbon neutrality by the end of the century. He concludes by saying that we need to drive our institution and all its capabilities interms of financial, technical and human to support this development transition toward the goal of preserving our planet for all future generations.
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